# Velocity One signs merger agreement to acquire EMCORE Corporation

Velocity One, an aerospace manufacturing holding company backed by Charlesbank Capital Partners, signed a merger agreement to acquire EMCORE Corporation for $3.10 per share in cash. EMCORE will become a wholly owned subsidiary of Velocity One, joining Cartridge Actuated Devices and Aerosphere Power under the holding company.

- Type: Acquisition
- Announced: 2024-11-08
- Where: Fairfield, New Jersey, United States
- Status: announced
- Products: inertial navigation solutions, energetic devices, power system solutions
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Charlesbank Capital Partners](https://endata.com/companies/10414.md) (investor)
- [Emcore Corporation](https://endata.com/companies/33763.md) (target)
- [Velocity One](https://endata.com/companies/80855.md) (acquirer)

## Sources

- [velocity-one.com](https://velocity-one.com/velocity-one-signs-merger-agreement-emcore/), 2024-11-08: "We are excited to bring our playbook to EMCORE, as well as decades of experience operating aerospace and defense manufacturing and engineering businesses"
- [globenewswire.com](https://www.globenewswire.com/news-release/2024/11/08/2977565/337/en/velocity-one-signs-merger-agreement-with-emcore-emkr.html), 2024-11-08: "We are excited to bring our playbook to EMCORE, as well as decades of experience operating aerospace and defense manufacturing and engineering businesses and optimizing their efficiency and profitability."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.